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[Unknown Soldier]

Watching Intel die slowly in real time the last decade has been a good lesson in never thinking you are unassailable in technology

I remember the days when Intel was so ahead in process tech that it was thought no one would ever catch up

 

[Bojji]

Intel is a fucking disaster. I hope they will return to form, I don't like monopoly done by any company (even AMD).

 

[Hero_Select]

Below 10% yields seems insane, especially for a company like Intel.

How the mighty have fallen

 

[winjer]

No wonder Gelsinger was sacked.
Intel needs competent leadership, ASAP.

 

[Unknown Soldier]

No wonder Gelsinger was sacked.
Intel needs competent leadership, ASAP.

Competitive leadership now is way too late

You can't reverse a decade of failure on a ship by changing out the captain

Also semiconductor manufacturing engineering is a very specialized field and there aren't many good ones in the world

Most of the good ones won't go work at a place like Intel. Once you start losing the race to recruit the best talent, it's very hard to turn things around. And Intel stopped behind the place real talent wants to go a long time ago now

 

[cinnamonandgravy]

Competitive leadership now is way too late

You can't reverse a decade of failure on a ship by changing out the captain

yeah, pat was clearly trying to get intel back into engineering but that takes time and intel is retarded/has had to use their dad's name to make dinner reservations at fancy restaurants for a while now.

up until 2005, intel CEOs were all PhDs in the sciences.
then they switched to MBAs and hired wil.i.am as the "director of creative innovation" and told him to give presentations to their engineers.

 

[winjer]

Intel Ex-CEO Pat Gelsinger and Current Co-CEO David Zinsner Face Shareholder Lawsuit Over Foundry Services Claims

A significant legal challenge has emerged for Intel's leadership as shareholders aim for the company's representation of its foundry business performance. LR Trust has filed a lawsuit against former CEO Pat Gelsinger and current co-CEO David Zinsner, seeking to return substantial executive...

www.techpowerup.com

A significant legal challenge has emerged for Intel's leadership as shareholders aim for the company's representation of its foundry business performance. LR Trust has filed a lawsuit against former CEO Pat Gelsinger and current co-CEO David Zinsner, seeking to return substantial executive compensation amid allegations of misleading statements and financial mismanagement. The lawsuit centers on Intel Foundry Services (IFS), a division that was once positioned as a crucial growth engine for Team Blue. The Intel Foundry, as it is now called, is here referred as Intel Foundry Services, which was its older name back in 2023. According to court documents, LR Trust claims that while Intel's leadership painted an optimistic picture of IFS's trajectory, the division struggled to attract major clients and accumulated significant losses. Gelsinger's $207 million compensation package is at the heart of the dispute, where shareholders now demand that these funds should be returned to the company.

The legal action also targets additional compensation received by Zinsner, arguing that executive rewards were secured through misrepresenting the company's financial health. The allegations point to a troubled 2023, during which Intel's chip production unit reportedly lost $7 billion. These challenges extended into 2024, as increased investments in new fab facilities further strained the company's finances. The lawsuit alleges that executives issued "materially false and misleading" statements regarding cost savings and revenue potential, ultimately driving shareholder value to the very bottom. LR Trust's legal filing accuses Intel's leadership of breaching its financial duties through inadequate internal controls and inaccurate financial disclosures. Beyond seeking the return of executive compensation, the lawsuit pursues damages and legal cost reimbursement, with any recovered funds potentially being returned to Intel's coffers. Intel has yet to respond formally to these allegations. This is just another lawsuit in line as Intel already has several other lawsuits going on, with one recent from August.

Now shareholders are going after Gelsinger and the money Intel paid him. And Zinsner is next on the list.

 

[ZoukGalaxy]

They will recover and then that will be AMD turn, it's same scheme since 25 years.

 

[StereoVsn]

Let’s hope Intel manages to recover. We desperately need more fab competition and especially so one situated outside a potential CCP blockade.